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Lextal Advises IuteCredit on EUR 75 Million Bond Issuance

Lextal Advises IuteCredit on EUR 75 Million Bond Issuance

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Lextal has advised Estonian financial technology group IuteCredit on its EUR 75 million senior secured corporate bonds issuance. GSK Stockmann reportedly acted as a global advisor on the deal.

According to Lextal, there was an exempt offering to European institutional investors and a public offer to retail investors in Estonia, Latvia, Lithuania, and Germany. The bonds are listed on the Frankfurt Stock Exchange and the Nasdaq Tallinn Stock Exchange regulated markets.

“We are humbled and proud because of the trust and credit given to Iute by institutional and retail investors. The proceeds of the issue continue to support Iute in the pursuit of our mission, which is to create an extraordinary experience in the field of personal finance,” IuteCredit CEO Tarmo Sild commented.

The Lextal team included Estonia-based Partner Kristi Sild and Lawyers Henri Ratnik and Kaisa-Maria Kubpart, Latvia-based Attorney Liene Pommere, as well as Lithuania-based Partner Dziuginta Balciune and Lawyers Ingrida Steponaviciene, Jolanta Borko, and Haroldas Kupstas.

LEXTAL Legal at a Glance

LEXTAL Legal Group – one of the ten largest law firms in the Baltics operating with a team of over 80 lawyers. LEXTAL Legal is a united group of law firms that includes LEXTAL in Estonia, ILAW LEXTAL in Lithuania and RER LEXTAL in Latvia.

The coverage of all three Baltic States gives additional value to our clients acting in three jurisdictions and enables us to manage complex legal projects and other matters in one hand.

  • In Estonia, LEXTAL has been a top law firm for over 10 years (6th for turnover and 4th for profit). LEXTAL Estonia’s core areas of expertise include: financial sector compliance, corporate and commercial, insurance, M&A, tax and regulatory, public procurements, dispute resolution, AI/IT and new tech (crypto).
  • In Lithuania, ILAW LEXTAL team consists of more than 35 lawyers to offer consultations and services to customers on corporate law, real estate law, mergers and acquisitions (M&A), tax law, personal data protection, intellectual property, labour law, public procurement, unfair competition and other areas of business law.
  • The core of the Law Firm RER LEXTAL in Latvia is formed by the lawyers Armands Rasa and Jānis Ešenvalds. Established in 2010, Law Firm RER LEXTAL specializing in the provision of legal assistance in legal proceedings and various business-related matters.

We focus on the results, we are full of passion, power and curiosity, our team has significant international experience in all practice areas in Baltics. You can trust us.

Firm's website: https://lextal.legal/